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Africa News
IMF approves disbursement of $224.7m for DRC
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation and the sixth…
Afreximbank raises authorised capital five-fold
Afreximbank shareholders approved a fivefold increase in authorized share capital from $5 billion to $25 billion.
Kenya’s business activity declines in June – PMI
Kenya's private sector witnessed a downturn in activity during June to 47.2, down from 51.8 in May.
S. Africa business activity shrinks in June – PMI
South Africa's private sector experienced a contraction in activity during June, according to a survey released on…
S. African manufacturing contracts amid weak demand
South African manufacturing activity contracted in June, with the PMI survey showing a reading of 45.7, up from…
Nigeria’s private sector growth slows in June
Nigeria's private sector experienced stagnation as subdued demand and intense price pressures led to slowdowns in…
S. Africa’s CCI slightly improves
South Africa's consumer confidence improved slightly in Q2 due to reduced load-shedding and lower fuel and food…
Namibia to construct 2nd desalination plant in ’25
Namibia will start constructing its second desalination plant in January 2025, with completion expected by early…
IMF approves additional funds for Zambia
The IMF Executive Board has completed the third review of Zambia's 38-month Extended Credit Facility (ECF) and…
Kenya’s bond market faces new tax
Kenya's struggling corporate bond market faces a new challenge as authorities plan to impose a 5 per cent…
